CRYPTOCURRENCY exchange FTX made headlines after its collapse and loss of $1 billion in client funds that are reportedly missing.
Let’s learn more about the net worth of the CEO of the group-affiliated crypto firm Alameda Research, Caroline Ellison.
Who is Caroline Ellison?
Caroline Ellison is the CEO of crypto firm Alameda Research, which was founded by Sam Bankman-Fried in 2017.
Her father, Glenn Ellison, was a professor of economics at MIT and coached her math team in middle school.
Caroline’s mother, Sara Fisher Ellison, was also an economist at MIT.
She graduated from Stanford University in 2016 with a bachelor’s degree in mathematics and went on to work for the quantitative trading company Jane Street.
She met Bankman-Fried on Jane Street where she spent 19 months as a junior trader.
Ellison joined Alameda in March 2018 and became CEO in August 2022.
However, things went downhill for the two after The Wall Street Journal reported that FTX is using client funds to help Alameda meet its liabilities.
Reuters reported that $10 billion in client funds were transferred to Alameda from bankrupt FTX.
They added that Elisson told employees during a video conference on Wednesday, November 9, 2022 that they, Bankman-Fried and two executives, Nishad Singh and Gary Wang, were aware of the decision to transfer client funds to Alameda.
Scandalous client money deals aside, Ellison is known for her love of Harry Potter books and films.
CoinDesk reported that she lived with nine other people and Bankman-Fried in a luxury penthouse at the FTX base in the Bahamas.
Despite the billions of dollars on his books, an anonymous source described FTX’s dynamic as “run by a gang of kids in the Bahamas.”
What is Caroline Ellison Net Worth?
Ellison’s net worth is believed to be around $15 million as of November 2022.
However, with the collapse of FTX and its ties to Alameda, it may have been affected.
How did Caroline Ellison make her money?
Caroline Ellison made her money working in cryptocurrency.
Her promotion to CEO of Alameda in August 2022 has given her increased responsibility since she has led the company.
https://www.the-sun.com/news/6687236/caroline-ellisons-net-worth/ What is Caroline Ellison Net Worth?